They finance large multi-family properties with very attractive terms, albeit you'll have more red tape...

Investment Info:Small multi-family (2-4 units) buy & hold investment in Port Colborne.

This would be my first Multi. 

depends on tenant age, maturity and previous home ownership history. pellet stoves generally very safe 98% shut off with no electricity so not great safety net in grid down storm. and flame isnt open to being touched and can be controlled with thermostat   but as with everything from tub, pool, gym, ensure they sign legal form, require renters insurance, get your agent to include it and have lawyer draft a memo and add basic training every heating season. i am looking switch over my oil to pellet wood boiler fed by auger but its auto feed system in basement.  

WilliamHave you considered buying a multi-unit property and living in one of the units? 

is there a reason for it in multi family?

I personally believe new investors should avoid partnerships/multi-member LLCs as long as possible.

I found a property where I live that I could afford almost with Cash. However, I am not sure if I should do it or not. I know I could make roughly $400/month if I put 50% of rent away for unexpected costs. I am new to...

Also, any ideas for a system or guidelines to help avoid conflicts?

If you are referring to "commercial" as in multi-family, I would suggest you choose an attorney in the state where the property is located.